SUSI invests in 860MW Chile BESS portfolio
- Admin
- Aug 14, 2024
- 1 min read
Investor SUSI Partners will fund the development of a battery energy storage system (BESS) portfolio in Chile, totalling 860MW of power and and up to 3.5GWh of energy storage capacity. The deal, through its SUSI Energy Transition Fund (SETF), will see the Switzerland-based firm invest in 22 separate BESS projects in the central-southern area of Chile developed by BIWO Renewables. The majority of the projects are at ‘advanced stages’ of development and the first are expected to reach ready-to-build (RTB) status in the first half of 2025. The energy storage market in Chile is being driven by its high penetration of solar PV and the grid congestion that comes with that. The market is segmented between independent BESS projects and projects alongside solar PV to support renewable power purchase agreements.
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